BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

BE/RBI/26/2017 RBI to release Rs. 200 notes: Rs. 2000 notes printing stopped. Since five months, RBI has not printed the Rs. 2000 notes and has now moved to print Rs. 200 notes, from its Mysuru Printing press, and these are expected to hit the market by next month.   Along with printing of other notes,

BE/RBI/25/2017 DATA ON OLD NOTES DEPOSITED The Parliamentary committee met here and have been given to understand that the old notes deposited are still under counting. Mr. Urjit Patel, RBI Governor, who attended the meeting was not able to give an exact figure of how much had returned to the system as on date.  The

BE/RBI/24/2017 Frauds under e-platforms are on the increase.  Recent RBI directives on e frauds are many. To name a few: RBI directed banks to credit the amount involved in the unauthorised electronic transaction within 10 working days to the account holder. – 7th July 2017 Reserve Bank of India (RBI) has come out with rules